Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) Sees Significant Increase in Short Interest

Putnam PanAgora ESG Emerging Markets Equity ETF (NYSEARCA:PPEM) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 3,436 shares, a growth of 115.2% from the January 29th total of 1,597 shares. Based on an average trading volume of 2,367 shares, the short-interest ratio is presently 1.5 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 2,367 shares, the short-interest ratio is presently 1.5 days.

Institutional Investors Weigh In On Putnam PanAgora ESG Emerging Markets Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of PPEM. Cetera Investment Advisers purchased a new position in Putnam PanAgora ESG Emerging Markets Equity ETF during the 4th quarter valued at $267,000. Citadel Advisors LLC purchased a new stake in Putnam PanAgora ESG Emerging Markets Equity ETF in the 3rd quarter valued at about $553,000. Jane Street Group LLC bought a new position in Putnam PanAgora ESG Emerging Markets Equity ETF in the 1st quarter worth about $4,296,000. Finally, Franklin Resources Inc. increased its position in shares of Putnam PanAgora ESG Emerging Markets Equity ETF by 11.4% during the second quarter. Franklin Resources Inc. now owns 1,869,425 shares of the company’s stock worth $46,076,000 after acquiring an additional 191,722 shares during the period.

Putnam PanAgora ESG Emerging Markets Equity ETF Price Performance

Shares of Putnam PanAgora ESG Emerging Markets Equity ETF stock traded down $0.20 during trading on Friday, hitting $20.91. The stock had a trading volume of 744 shares, compared to its average volume of 38,283. Putnam PanAgora ESG Emerging Markets Equity ETF has a 12 month low of $18.79 and a 12 month high of $32.10. The firm’s fifty day simple moving average is $27.66 and its 200-day simple moving average is $27.34. The stock has a market cap of $41.81 million, a PE ratio of 15.43 and a beta of 0.71.

Putnam PanAgora ESG Emerging Markets Equity ETF Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 20th will be given a dividend of $9.95 per share. The ex-dividend date is Friday, February 20th.

About Putnam PanAgora ESG Emerging Markets Equity ETF

The PortfolioPlus Emerging Markets ETF (PPEM) is an exchange-traded fund that mostly invests in total market equity. The fund actively invests in companies of any capitalization located in emerging markets. Selected companies are perceived to possess positive environmental, social, and governance criteria. PPEM was launched on Jan 19, 2023 and is managed by Putnam.